Trigger Event definition

Trigger Event shall have the meaning specified in Section 14.04(c).

Trigger Event. A Trigger Event is in effect with respect to any Distribution Date on or after the Stepdown Date if:

Trigger Event. Either a Cumulative Loss Trigger Event or a Delinquency Trigger Event.

Examples of Trigger Event in a sentence

• For avoidance of doubt, occurrence of an Exit Trigger Event under the Axis SPA, the 360 One10 SPA I, the 360 One9 SPA I, the 360 One10 SPA II or the Ashoka SPA, shall also be deemed to be an Exit Trigger Event under this Agreement.

• The Issuer will cause the occurrence of a Sustainability-Linked Trigger Event to be notified to the Principal Paying Agent, and, in accordance with Condition 14, the Noteholders as soon as reasonably practicable after such occurrence and in no event later than the relevant Notification Deadline.

• The Milestone Payment shall be payable one (1) time only (for the avoidance of doubt, no amounts shall be due for subsequent or repeated achievement by any Milestone or Commercializing Party of a Milestone Trigger Event for any Payment-Bearing Product in any country).

• The occurrence of a Trigger Event, a Non-Viability Event or any Write-Down will not constitute an event of default or the occurrence of any event related to the bankruptcy or insolvency of the Issuer or entitle Noteholders to take any action to cause the Issuer to be declared bankrupt or insolvent or for the dissolution, winding-up or liquidation of the Issuer.

• If a Winding-up Event occurs before the occurrence of a Capital Adequacy Trigger Event, subject to the prior consent of the Relevant Regulator, the Trustee may demand immediate repayment of the principal amount.

More Definitions of Trigger Event

Trigger Event. A Trigger Event shall have occurred with respect to any Distribution Date if either a Delinquency Event or a Cumulative Loss Trigger Event is in effect for such Distribution Date.

Trigger Event means, on any distribution date while any of the class A notes are outstanding, that the outstanding principal balance of the notes, less any amounts (exclusive of investment earnings) on deposit in any accumulation account, after giving effect to distributions to be made on that distribution date, would exceed the Adjusted Pool Balance as of the end of the related collection period.

Trigger Event has the meaning specified in Section 12.4(d) hereof.

Trigger Event has the meaning specified in Section 4.04(c).

Trigger Event has the meaning set forth in Section 5.05(a)(iv).

Trigger Event shall have the meaning specified in Section 15.5(d).

Trigger Event means any of the following: